India’s BPCL sells 76,000 tonnes naphtha ex-Mumbai

SINGAPORE (ICIS)--India’s Bharat Petroleum Corp Ltd (BPCL) has sold by tender two 38,000 tonne naphtha cargoes for loading from Mumbai in May, traders said on Thursday.

The buyer was PetroDiamond, they added.

The deal for the cargo for loading on 9-11 May was done at a premium of $38.00/tonne (€29.20/tonne) to Middle East quotes FOB (free on board) quotes, while the second cargo fetched a premium of $36/tonne to Middle East quotes FOB for loading on 19-21 May, traders said.

BPCL last sold by tendera 35,000 tonne naphtha cargo to Japanese company Marubeni for loading from Kochi between 30 April and 3 May. The deal for the cargo was done at a premium of $50-51/tonne to Middle East quotes FOB.